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Prices Paid: Buying & Leasing Experiences Subaru Outback Lease Questions
249 messages, Last post on Nov 25, 2009 at 8:55 AM
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I'm considering leasing an '08 Outback 2.5i Limited and would like some opinions as to what a fair monthly payment would be with the following terms. MSRP $28,616 36 months 12k / year $0 Down payment Teir 1 credit Michigan dealership Nothing has been negotiated as of yet. Only inital salesperson contact and test drive complete. Competition should be a factor; similar vehicles exist in inventory at 3 local dealers. I've surmised from other postings that there is $1,000 incentive on the vehicle and quite a bit (approx. $1,900) of differential between Invoice and sticker. Money rates seem to hover around 0.0019 and residual of 58%. But I really don't know if any of this accurate, that's the reason for the post. Thanks for your consideration. |
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Hi, This has been expensive to lease the last few months but is the car my wife and I really want. Hoping you can post the December numbers (cash, residual, money factor) once they are in. Looking at 36 or 39 months (whichever is better) and 12k miles per year. Thank you! |
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please confirm the following: residual for 12k miles per year is .53 at 36 months, .51 at 39, and .50 at 42 money factor for all is .00170 And wondering if the cash is $750 or $1500? I read edmunds info as 2 different $750 incetives that can both be used on a lease and thus totaling $1500? Wasn't clear. Thanks, and please correct me if and where I am wrong...
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Replying to: jpauto (Dec 04, 2007 9:20 pm) I'm pretty sure the cash back is $750. You can see that on their website for their season event (I'm so tired of the "season/event" advertising, I could puke up a giant red bow on a Lexus). The XT is half that of the regular Outback with cash back. I'm curious what your purchase price has been quoted? Anyone else finding better deals--$32K seems okay but not great. Pretty disappointed in the buydown on this car, say compared to a Volvo XC--you can get that for a substantially less per month lease.
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Replying to: tenmiler (Dec 08, 2007 10:16 pm) 
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Replying to: dino001 (Dec 09, 2007 1:45 pm) I guess I'm not understanding you very well: Both cars have penalties for overages on mileage, and I'm pretty sure they are the same (.20/mile). Are you saying Subaru doesn't penalize you for excessive wear and tear. I have to say I'm kind of doubting that Volvo is any "harsher" here. For example: My current XC lease is up. I have taken it into Wells Fargo Auto Finance's auction house in Denver (who, btw, does Subaru leases), to have them "evaluate" it. I had one unfortunate bang into my bumper that cracked it, but it was a $150 charge (the bumper repair quote was $580 when I took it to the dealer last year). The other thing they checked was tire tread. I was okay on that, so no charge. Then they looked for dings and large scratches beneath paint. I had none, but the guy told me they were **$15** a piece. That was it. My car was under mileage so I didn't get dinged for that, but it was the same as Subaru. It wasn't even clean when I brought it in, had a perforation in the side door leather from a ski, the guy saw it and didn't charge me. So, I personally think that Volvo is subsidizing the car, yes, but not hitting wear and tear any harder, unless Subaru has some kind of easy lease deal where you can beat the crap out of the car and not worry. I'd be surprised. I just want to add here: If I wanted a new XC, I'd get one, but I don't like the poor gas mileage on the new one so I'm now considering an Outback--so this wasn't a 'Volvo is better than Subaru" post. I think the Outback's a great wagon! Thanks!
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Carman, Wondering if you could chime in on this lease for an 08 Outback XT/VDC/Automatic/Nav: Purchase Price: 32,000 residual for 12k miles per year is .53 money factor is .00170 36 month lease= $469/month plus taxes Customer cash back: $750 Thanks! |
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Replying to: tenmiler (Dec 10, 2007 1:45 pm) No, that' not what I'm saying at all. I have no idea about the inspection critera or "nickling and diming" practices of any of the companies. My point is that in case of having overmileage/excessive wear you can elect to purchase a vehicle rather than pay the penalties. However, in case of Outback, you'd be much closer to its market value, therefore if you decide to "flip it" rather than pay the penalty, you'd take much smaller loss than in case of Volvo, which residual is significantly more overinflated.
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Replying to: dino001 (Dec 10, 2007 2:06 pm) And on the front-loading of residual it's likely you've got more knowledge than I. I will say though, WellsFargo offered the car to me at a $4000 discount from the buyout, which put it about $5,000 under current retail market value and a couple grand less than trade-in value (using kbb and edmunds as a gauge) if I did buy it. I do know Outbacks tend to have higher value at the end of leases than most cars (I think BMW was the highest?). But if you just turn in the car and walk away rather than buy, being 'closer to market value' at the end of the lease is irrelevant, no? That's where Volvo is beating up on the Outback (in terms of the lease), especially given it's known as a luxury wagon where Outback isn't (and the MSRP--however overpriced--is nearly $10K more) The sad part is I don't want to own a Volvo past 50,000, even though it's been flaw-free till now.  So I intend to turn it in. I'd likely do that with a Subaru as well. I simply lease because I cannot stand servicing a car.
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